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KuCoin Twitter Hack Leads to Loss of Funds

Updated: Apr 26, 2023

In a recent event, the official Twitter account of the cryptocurrency exchange KuCoin was compromised by hackers, resulting in the loss of funds for a few users who fell victim to a fake giveaway event. According to KuCoin, the hack lasted for almost an hour on April 24, 8 AM ET. During this time, the attackers posted a fake activity on KuCoin's Twitter account to lure users into thinking that they were participating in an official event. KuCoin has urged the victims to contact them for assistance and promised to implement better security measures to prevent similar incidents in the future.

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